Política fiscal anticíclica, crise financeira internacional e crescimento econômico no Brasil
By: GADELHA, Sérgio Ricardo de Brito
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ArticlePublisher: São Paulo : Editora34, dez. 2011Subject(s): Política Fiscal | Crise Econômica | Economia Keynesiana | Econometria | Brasil | BrasilOnline resources: Acesso | Acesso Revista de Economia Política = Brazilian Journal of Political Economy 31, 5, p. 794-812Abstract: Countercyclical fiscal policy, international financial crisis and economic growth in Brazil. This study analyzes the long run equilibrium relationship and causality between economic growth and public expendicture in Brazil covering the period 1980-2008. The empirical results of the Granger causality test in a multivariate framework have shown up the importance of public investments not only to face the adverse effects of the international financial crisis, but also in stimulating the economic growth. Also, the results indicate the need of controlling the growing path of other current expenditure, social security and public debt
Countercyclical fiscal policy, international financial crisis and economic growth in Brazil. This study analyzes the long run equilibrium relationship and causality between economic growth and public expendicture in Brazil covering the period 1980-2008. The empirical results of the Granger causality test in a multivariate framework have shown up the importance of public investments not only to face the adverse effects of the international financial crisis, but also in stimulating the economic growth. Also, the results indicate the need of controlling the growing path of other current expenditure, social security and public debt
v. 31, n. 5(125)
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